Welcome to JLT Independent

Renewable Energy

India’s power sector is one of the most diversified in the world and is undergoing a significant change that has redefined the industry outlook. The renewable energy sector is growing rapidly and presents an opportunity for strong financial returns. India has the fifth largest power generation portfolio in the world. In matter of a decade, renewable energy has grown from a fringe to a mainstream player in the energy sector and is characterized by innovation and investment.   The risks affecting renewable energy projects appear throughout the entire project lifetime. These risks can be classified under the following categories

  • Construction risk
  • Environmental risk
  • Financial risk
  • Operational risk
  • Technology risk
  • Political and regulatory risk
  • Climate and weather risk
  • Sabotage, terrorism and theft risk

GET IN TOUCH

Bidhan Saha

Director - Energy, Construction and Major Corporate Risk Group, JLT Independent

022-45105904

bidhan_saha@jltindependent.com

Our Expertise

At JLT, we provide seamless risk management and insurance services that accommodate risks across the full life-cycle of a renewable energy project – from planning and construction, through to operation and maintenance, and ultimately decommissioning. Our experience and risk solutions cover the following sectors:

  • Onshore wind
  • Solar (PV, Thermal and CSP/ground and roof mounted)
  • Bioenergy (biogas, biomass, biofuels and waste-to-energy)
  • Small-hydro
  • Geothermal
  • Energy efficiency, Energy storage, Smart grids

What We Do

Whether it is a renewable energy contractor, developer, owner, operator, manufacturer or financier, we believe the best way to approach the risk solutions our clients need is through a complete understanding of the different challenges you face.

  • Our dedicated team of specialists have the vast experience in structuring, placing and managing the following products for various organizations in the field of Renewable Energy.
  • Transit: Marine Cargo (all risks) Stock Throughput Marine Delay in Start up
  • Construction: Inland Transit Construction & Erection (all risks) Commissioning & Testing Pre-handover Operation (all risks) Delay in Start up
  • Operation: All Risks Mechanical and electrical breakdown Business Interruption Contingent Business Interruption
  • Additional products: Third Party Liability (Construction & Operational), Terrorism, Performance Risk – Technology (damage and non-damage), Credit Risk covers, Professional Indemnity (PI)/Project PI

WHY JLT

Our renewable energy team has extensive international experience of providing insurance placement and advisory services to developers, asset owners and other key stakeholders, such as project financiers.

Our clients frequently engage us during the development phases of a project.

This ensures that we can provide guidance on insurance program design well in advance of placement and take full account of insurance requirements that may be specified by lenders and other key stakeholders.

This also provides the opportunity to challenge on behalf of our clients any especially onerous requirements that such stakeholders may seek to impose.

CLAIMS MANAGEMENT

In the unfortunate event of a loss, we have a specialist team of claims personnel who have deep experience in dealing with large and complex claims across every segment of the renewable energy industry.

We act proactively to manage the claims process and the other stakeholders involved such as lead underwriters, follow markets and loss adjusters.

The team has heavy involvement in the claims process whether this is regarding interim payments, the appointment of specialist experts or site visits.

Our claims team have strong relationships with the leading loss adjustors around the world and can recommend the best resources to ensure that our clients’ claims issues are managed by people that understand their business.